Argentina Biofuels Market Size & Outlook, 2023-2030
Argentina biofuels market, 2018-2030 (US$M)
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Argentina biofuels market highlights
- The Argentina biofuels market generated a revenue of USD 1,314.6 million in 2023 and is expected to reach USD 2,583.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, liquid biofuel was the largest revenue generating form in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
Biofuels market data book summary
| Market revenue in 2023 | USD 1,314.6 million |
| Market revenue in 2030 | USD 2,583.3 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Liquid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Gaseous Biofuel |
| Key market players worldwide | Air Liquide SA, Archer-Daniels Midland Co, Bunge Global SA, Green Plains Inc, Petroleo Brasileiro SA Petrobras ADR, Chevron Corp, International Flavors & Fragrances Inc, Shell PLC, Wilmar International Ltd |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.3% of the global biofuels market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biofuels market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 2,583.3 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina biofuels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biofuels market will help companies and investors design strategic landscapes.
Liquid biofuel was the largest segment with a revenue share of 87.52% in 2023. Horizon Databook has segmented the Argentina biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Argentina has taken active steps, such as boosting private venture for expansion of electricity network to regulate and promote private investment in acute segments of the country’s economy, such as renewable and conventional power generation.
Hence, such factors are expected to positively impact the biofuel market in the country. Further, to accelerate the development of the biofuel market, the country has implemented various government-led programs such as in 2021; the country implemented a New Biofuels Law 27640, for biofuel blending mandates.
Moreover, in August 2022, Argentina's government announced plans to prolong its 12.5% biodiesel blend rate as part of its efforts to offset the high expense of imported fossil fuels.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Argentina biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina biofuels market size, by form, 2018-2030 (US$M)
Argentina Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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